KBC Group (OTCMKTS:KBCSY) Stock Rating Reaffirmed by Morgan Stanley

KBC Group (OTCMKTS:KBCSY)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday, The Fly reports.

A number of other research analysts have also recently weighed in on the company. Credit Suisse Group restated a “neutral” rating on shares of KBC Group in a research report on Thursday, April 22nd. Barclays restated an “equal weight” rating on shares of KBC Group in a research report on Thursday, February 25th. Exane BNP Paribas cut KBC Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 2nd. Societe Generale cut KBC Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 23rd. Finally, UBS Group restated a “sell” rating on shares of KBC Group in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.00.

OTCMKTS:KBCSY traded up $0.56 during trading hours on Wednesday, hitting $40.25. The company’s stock had a trading volume of 54,437 shares, compared to its average volume of 63,481. The business’s 50-day moving average is $37.79 and its two-hundred day moving average is $35.43. The company has a market capitalization of $33.54 billion, a PE ratio of 18.99 and a beta of 1.52. KBC Group has a 52-week low of $21.31 and a 52-week high of $40.72.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings data on Thursday, February 11th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.05). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.20 billion. KBC Group had a return on equity of 11.19% and a net margin of 16.94%. On average, research analysts anticipate that KBC Group will post 1.82 EPS for the current fiscal year.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; cash management, payments, trade finance, lease, money market, capital market products, stockbroking and corporate finance services.

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The Fly

Analyst Recommendations for KBC Group (OTCMKTS:KBCSY)

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